NewEdge Advisors LLC Raises Stock Holdings in First Trust California Municipal High Income ETF $FCAL

NewEdge Advisors LLC lifted its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 31,414.1% in the second quarter, HoldingsChannel.com reports. The fund owned 2,275,951 shares of the financial services provider’s stock after acquiring an additional 2,268,729 shares during the period. NewEdge Advisors LLC owned approximately 0.51% of First Trust California Municipal High Income ETF worth $113,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. IFP Advisors Inc bought a new position in First Trust California Municipal High Income ETF in the 2nd quarter valued at $2,072,000. Baird Financial Group Inc. bought a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth $23,377,000. Citadel Advisors LLC purchased a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth about $223,000. Ameritas Advisory Services LLC purchased a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth about $810,000. Finally, XP Advisory US Inc. bought a new position in First Trust California Municipal High Income ETF during the second quarter valued at about $896,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ FCAL opened at $47.87 on Wednesday. The company has a market capitalization of $215.41 million, a PE ratio of 125.97 and a beta of 0.25. First Trust California Municipal High Income ETF has a 52-week low of $47.84 and a 52-week high of $50.13. The company has a 50-day simple moving average of $48.85 and a 200 day simple moving average of $49.21.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.144 dividend. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. First Trust California Municipal High Income ETF’s payout ratio is presently 439.47%.

First Trust California Municipal High Income ETF Profile

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.